A contract worth €250 million
LEVALLOIS-PERRET, France--(Business Wire)--
Alstom (Paris:ALO) has signed a €250 million contract with Metals & Engineering
Corporation (METEC) to supply turbines and generators for the hydro power plant
of the Grand Renaissance dam, located on the Blue Nile in Ethiopia. The power
plant will be operated by EEPCO.
Alstom will supply and supervise the installation of all electromechanical
equipment for the plant, including eight 375 MW turbines and eight generators
for the first phase. The contract also includes engineering and power plant
commissioning. The commissioning will start in late 2013 and take place in
successive steps over a three-year-period. In line with the expectations of the
Ethiopian government, Alstom will oversee a programme to develop skills and
know-how locally in the area of hydroelectricity.
When completed, the Grand Renaissance power plant, with a total output of 6,000
MW, will be the largest hydro project in Africa and a priority for the Ethiopian
government. Once in operation, the power plant will quadruple Ethiopia`s current
electricity production capacity. The country is faced with rapid increase in
electricity demand at an annual rate close to 10%. With an estimated potential
hydropower production of 35,000 MW, Ethiopia aims to become a key regional
player in power generation and the leading supplier of neighbouring countries.
"This contract strengthens Alstom`s prominent position in the African hydropower
market. With the supply of the first high-capacity turbines in a short lead
time, Alstom demonstrates its ability to meet the country`s power needs as
quickly as possible," declared Jérome Pécresse, President of Alstom Renewable
Power. "In Ethiopia, Alstom is already supplying wind turbines for the Ashegoda
project and is willing to play a major role in developing Ethiopia`s energy
sector, enabling the country to drastically increase its power production
capacity and develop local skills."
Alstom has been active in Africa for 80 years and has numerous hydroelectric
projects to its credit across the continent. In particular, Alstom has supplied
Africa`s main hydropower plants in Mozambique, Angola, Ghana, South Africa,
Sudan and more recently in Uganda.
Two additional contracts are currently under execution by Alstom for the supply
of turbines and generators for the new Ithezi-Thezi hydro power plant (120MW) in
Zambia, and the retrofit of the Inga 2A hydro power plant (712MW) in the
Democratic Republic of Congo.
Alstom is a global leader in the world of power generation, power transmission
and rail infrastructure and sets the benchmark for innovative and
environmentally friendly technologies. Alstom builds the fastest train and the
highest capacity automated metro in the world, provides turnkey integrated power
plant solutions and associated services for a wide variety of energy sources,
including hydro, nuclear, gas, coal and wind, and it offers a wide range of
solutions for power transmission, with a focus on smart grids. The Group employs
92,000 people in around 100 countries. It had sales of €20 billion and booked
close to €22 billion in orders in 2011/12.
Emmanuelle Chatelain, Isabelle Tourancheau
Tel +33 1 41 49 37 38 /39 95
Stephanie Roux / Jerome Bridon (Alstom Renewable Power)
Tel +33 1 41 49 78 62 /38 78
Delphine Brault - Tel +33 1 41 49 26 42
Copyright Business Wire 2013